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3109 E. Douglas Ave. Wichita, KS

Begins Closing:

LANDMARK WICHITA PROPERTY - MARGARITA'S CANTINA

BUSINESS IS STILL OPERATING

REAL ESTATE ONLY | ABSOLUTE ONLINE AUCTION

Weigand Auction is proud to present this well-known Wichita property at auction. For over 30 years, it has housed Margarita’s Cantina, a beloved restaurant and community gathering spot on East Douglas near historic College Hill.

BIDDING BEGINS CLOSING: TUESDAY, OCTOBER 21, 2025, AT 2:00 P.M. CT

*The auction is for the real estate only and does not include the existing business or restaurant name.*

This property offers excellent visibility with convenient access to Kellogg/US 54 Hwy., Wesley Medical Center, and downtown Wichita. Ample on-site parking supports the spacious layout, which includes seating for over 130 guests on the main level, an upstairs dining and bar area, and an outdoor patio. A built-in stage adds versatility for live entertainment, special events, or additional dining. With prime frontage along East Douglas, this property is a rare opportunity to own a recognizable piece of Wichita real estate.

PROPERTY ADDRESS
3109 & 3111 E. Douglas

Contacts

LANDMARK WICHITA PROPERTY - MARGARITA'S CANTINA

BUSINESS IS STILL OPERATING

REAL ESTATE ONLY | ABSOLUTE ONLINE AUCTION

BIDDING BEGINS CLOSING: TUESDAY, OCTOBER 21, 2025, AT 2:00 P.M. CT

*The auction is for the real estate only and does not include the existing business or restaurant name.*

PROPERTY ADDRESS
3109 & 3111 E. Douglas

AUCTION PROCEDURES: Absolute auction with online bidding by approval only. Bidding will remain open until three (3) minutes have passed without receiving another bid. Brokerage reserves the right to request a proof of funds letter from a bank to participate in online bidding

BUYER'S PREMIUMS: A buyer’s premium of ten percent (10%) of the final bid will be added to the final bid price to determine the total purchase price.

AUCTION TERMS: The successful bidder shall be required to make a deposit in an amount equal to ten percent (10%) of the total purchase price as earnest money in the form of Certified or Personal Check with proper identification within twenty-four (24) hours of close of auction. Closing will take place on or before thirty (30) days following the day of auction. Possession is subject to tenant rights.

IMPORTANT NOTICE TO ALL BIDDERS: All the information contained in this brochure was obtained from sources believed to be correct but is not guaranteed. This property will be sold “as is, where is” and bidders shall only rely on their own information, judgment, and inspection of the property and records. Any personal property currently on the premises is excluded from the sale. The NIL of Margaritas is property of the current tenant and is not being offered as a part of the transaction. This property will be sold subject to any applicable Federal, State, and/or Local Government Regulations.

BROKER PARTICIPATION: At the completion of a successful closing, a fee of three percent (3%) of the final bid price will be paid by J.P. Weigand & Sons, Inc. to the broker properly registering and representing the successful bidder. Please visit WeigandAuctions.com for a detailed explanation of Terms and Conditions.

3109 E. Douglas, Wichita, Kansas, 67211

3109 E. Douglas Auction Brochure.pdf

4.4 MB

Property Information Packet_3109 & 3111 E. Douglas.pdf

13.7 MB

Leason - Addendum to Margarita's Lease (dated).pdf

607.2 kB

Broker Registration Form_3109 E. Douglas.pdf

143.7 kB

Auction Real Estate Purchase Agreement_3109 E. Douglas.pdf

412.0 kB